As used in this chapter, the following terms shall have the
meanings indicated:
ANNUAL UPDATE DOCUMENT (AUD)
The report required by § 30 of the General Municipal
Law (GML) in which the Town reports its financial condition to the
New York State Comptroller.
CAPITAL PROJECTS FUND
A fund or funds established for financial resources to be
used for the acquisition or construction of capital facilities such
as buildings, facilities, or infrastructure and/or equipment. An individual
capital projects fund should be established for each authorized project.
GENERAL FUND
The Town's principal operating fund from which Town
expenses are customarily paid. This fund includes all revenues and
expenditures not required to be recorded in a separate fund.
HIGHWAY FUND
A fund established pursuant to Highway Law § 141
which accounts for revenues and expenditures for highway purposes,
including but not limited to repairs and improvements on bridges,
machinery, and roads.
TRUST AND AGENCY FUND
A fund or funds established by the Town as an agent for individuals,
private organizations or other governments.